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9 Spokes International Signs Framework Services Agreement With Virgin Money
Virgin Money UK Plc Sees Broadly Stable FY21 NIM
Virgin Money UK FY Underlying Pretax Profit Fell 77% To 124 Mln Stg
Virgin Money UK PLC, formerly CYBG PLC, is a United Kingdom-based company that operates through Clydesdale Bank PLC (Clydesdale Bank), Yorkshire Bank, B and Virgin Money brands. It offers a range of banking services for both retail and business customers through retail branches, business banking centers, direct and online channels, and brokers. Clydesdale Bank provides the United Kingdom retail and small and medium enterprises (SME) banking services. Clydesdale Bank's products and services include mortgages, current accounts, deposits, term lending, personal loans, working capital solutions, overdrafts, credit cards and payment and transaction services. The Bank operates approximately 160 branches. B is its digital banking platform.
40 St Vincent Place,
Non-Executive Independent Chairman of the Board
David J. Duffy
Chief Executive Officer, Executive Director
Interim Group Chief Financial Officer
Group Chief Operating Officer
Group Chief Risk Officer
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The boss of Virgin Money UK said on Tuesday the lender is taking a cautious approach despite turning a statutory profit in the latest quarter, with stress on customer finances from the COVID-19 crisis likely to increase later this year.
Virgin Money UK Plc <VMUK.L> said on Monday current deputy chairman David Bennett will take over the role of chairman from Jim Pettigrew, who is set to retire on Tuesday.
Nordea <NDAFI.HE> has hired Virgin Money UK's <VMUK.L> Ian Smith as finance chief to help its new CEO Frank Vang-Jensen turn around flagging profits at one of the Nordic region's biggest banks.
Virgin Money UK Plc said on Thursday Chief Financial Officer Ian Smith will resign, leaving the lender that is in the midst of a rebranding.
Britain's Virgin Money UK <VMUK.L> said on Tuesday it had increased its business loan book, adding that it had kept its costs from an industry-wide mis-selling scandal in check.
Virgin Money UK Plc said its loan book bulked up in the first quarter as strong business lending cushioned slight weakness in the mortgage market, but the company on Tuesday warned of uncertainty over how the UK will set terms to transition out of the European Union.
Shares in Virgin Money UK <VMUK.L> leapt as much as 24% on Thursday after the British bank said it believed the worst of an industry-wide insurance scandal was behind it.
Virgin Money UK Plc on Thursday reported a 7% fall in full-year underlying profit and suspended its dividend for the year, as the lender set aside more money to settle the PPI mis-selling scandal in Britain.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.